my new bestest trading buddy Gcapman This is just a technical base day trade not a position trade. I know I'm swimming upstream ......again ugghh Since you mentioned it can you tell me about your analyis? update: SLD 200,000 USD USD.CAD Cash 1.0438 CAD IDEALPRO 13:29:31 looking for possible short
a stop .0005 away... It's so obvious you're leveraging way beyond your means. Let me guess 200:1... maybe 400:1? Stop trading now. You will regret it otherwise. I'de put a short of 200,000 on your account if I could. Now that sounds like a winner.
Thanks for your input, i'm looking for that. I made a mistake in the the entry and stop placement. expecting a resistance level to hold. I didn't need to risk 50-100 pips to test that hypothesis. I was too early in that entry and i'm still getting a feeling for forex. If my approach to trading these scenarios is not gonna work, I'll know without loosing thousands of dollars IMHO. BTW, I'm only using 40:1 leverage.